Close

Articles Posted in Uncategorized

Updated:

Divorcees, You Could Be Owed Extra Social Security benefits?

The general consensus is that Social Security replaces around 40% of your pre-retirement income. The reality is that half of all single people depend on their Social Security benefits to replace close to 90% of their pre-retirement income, says the Social Security Administration (SSA). From the start, the only way…

Updated:

Consumer Financial Protection Bureau Guide on Managing Elder Financial Affairs

The Consumer Financial Protection Bureau (CFPB) recently released a set of helpful guides to help individuals manage the financial affairs of loved ones or others who are unable to do so and require a fiduciary to take of such matters. The guides cover multiple topics to help fiduciaries, including how…

Updated:

The Benefits of Tax-exempt Institutional and State-sponsored Contribution Plans

The desire to ensure that grandchildren receive a high-caliber education can now be met with transfer of a 529 plan contribution fund to an estate or trust. Internal Revenue Service (“IRS”) 26 U.S. Code, Section 529 is the federal statutory rule guiding 529 plan tax-exempt transfer of individual investment contribution…

Updated:

Recent Regulatory Changes Affecting Cryptocurrency Investors

The Commodity Futures Trading Commission (“CFTC”) recently issued an advisory warning about the dangers of digital coins and tokens for speculative investors. Attracted by high exposure and the promise of quick returns, cryptocurrency has proven to be a volatile, yet lucrative market asset for many investors interested in funding a…

Updated:

Cryptocurrency Risk: High Exposure Asset or Retirement Fund Disaster?

When retirement investors are considering assets for estate or trust transfer, one of the main priorities is the impact of risk. In the past several years, cryptocurrency assets have increased in popularity. Until 2017, Bitcoin and other digital currency assets were also considered as tax-exempt “property” under federal Internal Revenue…

Updated:

Probate Judge Removes Executor without Hearing Over Failure to Account Estate

A Kings County Surrogate’s Court judge recently removed the executor to an estate without a hearing over the individual’s failure to comply with the court’s order to properly account of the estate’s assets. The case is a prime example of how and why someone can be removed as the executor…

Updated:

Protecting Your Estate from Investment Scams

The record of retirement investment and trust fund fraud is extensive, and not restricted to sales agents, fiduciaries, and retirement investment advisers.   In New York, attorney malpractice in the area of retirement investment and estate planning has led to professional activism by the New York Bar Association and national…

Contact Us